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Interesting - thanks. Broker ratings are important but only one aspect of research. It looks like a few nervous sellers are moving out and not enough buyers are here .. yet. If I had a floor target - it might be around 80p.. just my opinion and I hope to be proved wrong. It seems that some wonder if another contract may be cancelled? It's a risk but the share price could enter oversold terriority soon gla
Cenkos have reiterated a buy. It's a bit like a football board giving their manager their "vote of confidence".
Not that it matters to anyone but out at 145
I'm fairly new to this and bought in after discovering NT, following comment from others on other boards where he had purchased the same shares as I had, admittedly though at a lesser price. Bought and then stupidly on first day of results tried to average down. I know wrong and have previously judged others who have employed the strategy and thrown gone money after bad (VOD & RMG springs to mind). Got out at 135 after buying in a 176 to a loss of 1K. A big hit for me and now in the black, but glad I got out when I did and no doubt an expensive lesson learned. GL for those still exposed.
think ill take a punt this soon as a sure short lol
OMG - just seen this - really surprised because the results - just issued 1-2 weeks ago - were really solid and imo provided no hint of a future shock like an insurer contract loss. As some may know - I acquired Helphire shares at 1p many years ago now - at the time was told I was mad to invest - but I always felt this business had a cycle and I got in at the bottom. Now it appears the cycle has passed its peak and a period of decline may happen. Sold must already but kept a few here - may add on further weakness but will re-assess over the weekend. The correction is right and probably enough - providing there are no further contract losses...
i sold out last year as, insurance claims use help hire and red to give you hire cars after a crash , i had 2 claims with my insurance , who used redd, i had hire car for 20 weeks at 60 a day, now some insurance firms cut them out now, so its a matter of time others will follow, redd and help hire rip insurance firms of and now with all the whip lash claims insurance firms have looked into redd and cost , get out quick
A big blow of course losing circa £112 mil of revenues in the expected 2019/20 period, but for some context this company does have a lot of growth historically.
Revenues
2014: £200 mil
2015: £250 mil
2016: £380 mil
2017: £470 mil
2018: £525 mil
it's unfortunate that companies like this will lose big contracts from time to time and take a big hit but long term I wouldn't exactly be too worried.
lost half it's value in one week- think it might be due a nice bounce
Cash balances were only over £11m on the recent update ! Heaven knows how the price is this high
Glad I didn't top up yesterday!!.
Bang goes the divvy in the future as well then!!!?
Get out now
and just when the share price couldn't get any worse! What a free fall for this one
Big drop coming after that rns
I think you could be right. I was hoping for a good bounce of this support but doesn't seem to be happening.
I'm out with a £65 loss. Will wait until it settles down properly and re-asses.
gla
Leave longer, no benefit in getting in yet
Well that makes a lot more sense. Ex being the day after the divi. Thanks.
" learnt was to buy on ex-divi day, as the price would drop the divi amount and you are still entitled to the divi until the end of this day."
No you are not entitled to the divi if you buy on the ex-div day - that's why the price drops by that amount. You are only entitled to the divi if you hold at the start of the day i.e. before trading starts
5.5p
Hi
I have a small amount invested here since the days of Helphire...
A few weeks ago this was 187p..now 137p..massive fall since results.
I'm tempted to buy more at these levels as this share always seems to bounce from lows.
What was the amount of the divided today 8p ish?
Thanks.
http://www.chartupload.com/viewer.php?file=38050328851895981598.png
The support is not actually broken yet, as shown on the chart. It may well carry on down still, but could also bounce from here too. Lines shown below are also support, but not as strong.
Today was the ex divi day. On these days the share price always drops the price of the divi on opening. (don't ask me why, it makes divi payments rather pointless in my view).
https://finance.zacks.com/stock-price-change-dividend-paid-3571.html
I'm a little annoyed with myself for buying the other day and not waiting to today as a little trick I learnt was to buy on ex-divi day, as the price would drop the divi amount and you are still entitled to the divi until the end of this day.
Now, with the sp being so close to the support, dropping the sp the price of the divi in the morning will likely trigger a lot of stops. If you look at the trades gone through, there is a lot "A" trades which are likely the stops being taken out.
This can cause a snowball affect and send the price tumbling. At this stage, I can not tell if the support will hold or not but the fundalmentals are not bad, so it's not a bad company to hold and add on any significant drops.
There is a large trade for 10:36 which will be a sell and then a smaller trade at 12:08 ( but still large) that will be a buy.
I have doubled up here at 138p.
gla
Two large buy trades today, is this the buying point?
Well that's been obliterated at 140. Now where??
Well that's been obliterated. Now where??
My alert has triggered at 140p where there is major support. I have bought in a small amount as I think it could be a good spot to bounce back. I do dislike catching a dropping knife (hence a small trade).
Ex divi day on 7th March.